WATCH LIVE

FairPoint Bankruptcy Hearing Scheduled 

A November 18th hearing has been scheduled on a motion to appoint an examiner to investigate factors leading to FairPort communication’s chapter 11 bankruptcy last month.A group of creditors who are owed more than $550 million wants to know if FairPoint’s top managers mis-represented the company’s prospects for recovery and are trying to profit from the reorganization. The creditors are also asking why the company paid a $23 million dividend just as the financial problems were mounting.FairPoint has denied the allegations in a statement to the Portland Press Herald.